Korean Law in English
Laws › Commercial Act › SECTION 1 Incorporation

Commercial Act — Article 194 (Nullification or Revocation of Incorporation and Continuation of Company)

상법 제194조

This English translation is based on the Korean text effective 2018-12-19. The Korean law has since been amended (current version effective 2026-09-10) — check the Korean original.

(1) If a judgment confirming nullification or revocation of the incorporation of a company has become final and conclusive and the cause of such nullification or revocation rests only with a particular member, the company may remain incorporated with the unanimous consent of all the other members. <Amended by Act No. 15755, Sep. 18, 2018>

(2) In cases falling under the preceding paragraph, a member in respect of whom the cause of the nullification or revocation rests shall be deemed to have withdrawn from the company.

(3) The provisions of Article 229 (2) and (3) shall apply mutatis mutandis in cases falling under the preceding two paragraphs.

‹ Article 193All articlesArticle 195 ›

Korean original (law.go.kr) · Get articles as JSON via API

For AI agents and developers — get this article as JSON, with the English and current Korean effective dates and an outdated-translation flag, from the korea-law API or as an MCP tool: https://mcp.apify.com?tools=kr-data/korea-law